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Website creation service Wix.com (WIX) rocketed Monday to a new high as two research firms initiated coverage of the recent IPO with buy recommendations. RBC Capital Markets began its Wix coverage with an outperform rating. Needham & Co. started coverage of Wix with a buy recommendation on the stock. RBC was a book-running manager for the Nov. 6 initial public offering, while Needham was a co-manager. JPMorgan and BofA Merrill Lynch were lead Scalper1 News
Scalper1 News